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April 26th, 2012 - Kelley Chambers

Commercial Real Estate



 

SIR Spring Creek LLC purchased Spring Creek Apartments in Edmond for $19.35 million. The seller, WC/TP Spring Creek LLC, purchased it for $8.475 million in 2008, according to county records. The property at 777 E. 15th St. was built in 1974, has 252 units and totals 260,520 square feet. Between 2008 and 2010, it underwent a major renovation. William Forrest, David Forrest and Eva Wills with CB Richard Ellis|Oklahoma handled the transaction. First American Title Co. handled the closing.

OKLAHOMA COUNTY

Smico Manufacturing Co. Inc. purchased a 41,646-square-foot industrial building at 6101 Camille Ave. for $875,000 from Vintage Properties LLP. It was built in 1979. Jerry Hocker with Coldwell Banker Commercial Hocker and Associates, and John Lenochan with CB Richard Ellis|Oklahoma handled the transaction.

Walker Properties LLC purchased a 6,825-square-foot retail property at 4375 S.E. 29th St. in Del City for $612,000 from Roger and Monique Sage Family Trust. It is a former Hollywood Video built in 1988. Jim Rose and Louis Almaraz with Grubb & Ellis | Levy Beffort represented the seller, and Josh White with Great West Management Corporation represented the buyer. Oklahoma City Abstract and Title Company handled the closing.

Chesapeake Land Development Co. LLC purchased an industrial property at N.W. 64th Street and N. Shartel Avenue for $592,432 from Yost Living Trust. Ford Price with Price Edwards & Co. handled the transaction. American Eagle Title Group LLC handled the closing.

7-Eleven LLC purchased an 8,218-square-foot building at 5825 N.W. 23rd St. for $525,000 from Mack W. McNear. Mark Inman and Stuart Graham with CB Richard Ellis|Oklahoma handled the transaction. American Eagle Title Group handled the closing.

POP Holdings LP purchased .53 acres of commercial land at 7612 S. Western Ave. for $490,000 from Mid Property Holdings LLC. Mark Inman with CB Richard Ellis|Oklahoma represented the seller, and Michael Almaraz and Louis Almaraz with Grubb & Ellis | Levy Beffort represented the buyer in the transaction.

South River Investment Group purchased a 4,000-square-foot industrial property at 116 N.W. 132nd St. for $350,000 from Diversified Properties. It was built in 1999. John Lenochan with CB Richard Ellis|Oklahoma handled the transaction.

Arthur D. Sanders 1993 Trust purchased a 5,000-square-foot retail building at 5701 S. Western Ave. for $340,000 from OREXO as Q.I. for PKP Investors LLC. It was built in 1985. Jerry Hocker with Coldwell Banker Commercial Hocker and Associates, and Todd Herndon with Herndon and Kelley handled the transaction.

SW Test & Beauchene purchased a 3,200-square-foot industrial property at 200 N.W. 132nd St. for $259,000 from Diversified Properties. It was built in 1999. John Lenochan with CB Richard Ellis|Oklahoma handled the transaction.

5 Corners LLC purchased two acres of land south of E. Second Street on Katie Michelle Boulevard in Edmond for $176,000 from VCWI LLC. Two industrial buildings are planned for the property and are already leased. Susan Davis Jordan with NAI Sullivan Group, and Joe Gilliland with Gilliland Realty handled the transaction. Margaret Harke with Stewart Abstract and Title Company handled the closing.

Memorial Health Care purchased 0.5 acres of land at the southeast corner of Memorial Road and Hefner Parkway for $151,536 from Colonial Development LP. Mark Inman and Stuart Graham with CB Richard Ellis|Oklahoma handled the transaction.

CANADIAN COUNTY

High Track Investments LLC purchased 1.91 acres at 3519 E. Jenson Road in El Reno for $60,000 from Stirman Properties. The land will be used as a depot and office facility for a trucking company. Irmon Gray with NAI Sullivan Group handled the transaction. Barbara Chatman with Old Republic Title Company of Oklahoma handled the closing.

CLEVELAND COUNTY

US Beef (Arby’s) purchased .87 acres at 2490 W. Main St. in Norman for $678,666 from Comco LLC. Brad Worster with J R Fulton & Associates represented the seller and John Cohlmia with Grubb & Ellis | Levy Beffort represented the buyer in the transaction.

Affinity Homes Oklahoma LLC purchased seven acres of land in Moore at the 700 block of S. Eastern Avenue on the west side of the road for $475,000 from Rudy James Hymer. Michael Almaraz and Louis Almaraz with Grubb & Ellis | Levy Beffort represented the seller in the transaction.

 
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